Question

On selling an article at 1060, the gain is 20%
more than the loss incurred on selling it at 950.
In order to gain 20%, the selling price will be:
1. Rs. 1200 2.Rs. 1080 3.Rs. 1800 4. None​

Answer 1

Answer:

Let C.P. of the article be Rs. x.

When S.P. is Rs. 1060, then Profit = 1060−x

When S.P. is Rs. 950, then Loss = x−950

According to the given condition, we have

Profit =120%ofLoss

⇒ 1060−x=

100

120

×(x−950)

⇒ 5(1060−x)=6(x−950)

⇒ 5300−5x=6x−5700

⇒ 11x=11000.

⇒ x=1000.

Desire S.P. =

100

120

×1000= Rs. 1200.

Answer 2

Answer:

Rs. 1200

Step-by-step explanation:

let X be =cp

profit =s p -c p ; loss =c p -s p

profit = 1060-x

loss =x-950 ; 20% more =1.2[ x-950] =1.2x -1140

=1060 -x =1.2x -1140

2.2x =2200

x=2200 /2.2=22000/22 =1000

Selling price 1.2 * x =1.2 *1000 = Rs1200

Answer: Selling price = Rs 1200

I hope this helped you!! Thanks!!